Vision Travel Inc has acquired Uniglobe One Travel, a Vancouver-based corporate travel solutions provider and franchise of Uniglobe Travel International LP. No financial terms were disclosed. Vision, a Toronto-based travel management company affiliated with Direct Travel Inc, said the deal continues its strategy to expand in key Canadian markets. Vision was acquired last year by Direct, a Denver, Colorado-based travel manager backed by U.S. private equity firm ABRY Partners.
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April 4, 2018
Vision Travel, A Direct Travel Company, today announced that it has agreed to acquire UNIGLOBE One Travel, based in Vancouver, British Columbia. The acquisition continues Vision Travel’s strategy to expand in key markets throughout Canada.
UNIGLOBE One Travel, a franchise of UNIGLOBE Travel (Western Canada), has been delivering innovative, customized and technology driven corporate travel solutions to prominent Canadian corporations and the SME market for over 25 years. They will continue to operate under the UNIGLOBE One Travel brand for a transition period.
“In getting to know Vision Travel and Direct Travel, we saw a great approach to travel management supported by an outstanding team” stated David Kruschell, president of UNIGLOBE One Travel. “We are excited about what the future holds for our employees and our clients.”
David will join the Vision Travel leadership team as senior vice president, Western Canada and Richard Gardner will join as vice president, technology.
“We have known David, Richard and their team for many years and we are delighted to welcome them into the Vision Travel family. Their similar personalized approach to service in addition to an expanded suite of tools will position us to accelerate our growth in Western Canada,” said Brian D. Robertson, president of Vision Travel (Ontario-West).
“This purchase is a powerful addition to our organization and changes the landscape of travel within Canada,” added Robertson. “This positions us to service any client in North America and globally through Direct ATPI Global Travel.”
The agreement is scheduled to be finalized by April 4, 2018 subject to customary conditions.
Photo courtesy of Reuters/Mark Blinch